Bitcoin is on the verge of reaching wider adoption in the traditional financial world, according to Elon Musk.

Bitcoin ( BTC ) is on the verge of gaining broader adoption, according to Elon Musk, CEO of Tesla, in a clubhouse conversation on Feb.1.

Clubhouse is an exclusive audio chat app and social media platform that is only available to guests who have received an invitation. Members can participate in a variety of conversations, similar to an online private conference.

Elon Musk speaks publicly about Bitcoin

Speaking to Andressen Horowitz and other prominent investors, Musk was asked about his opinion on Bitcoin.

On January 29th, Musk wrote the word „bitcoin“ on his Twitter bio. That made the BTC rate rise by more than 14 percent within 30 minutes .

After the incident, Bitcoin investors and enthusiasts were eager to hear positive comments from Musk about crypto in general.

When asked about Bitcoin , Musk said, according to industry officials who overheard the chat:

„I think bitcoin is a good thing. I am a proponent of bitcoin. I think bitcoin is on the verge of widespread adoption in conventional finance.“

Industry executives were generally positive about Musk’s comment on Bitcoin. James Todar, a partner at Greymatter Capital, said :

„One of the most progressive inventors of our time missed Bitcoin. On Clubhouse @elonmusk was talking about a friend who gave him a cake in the form of a bitcoin in 2013. Although he is ‚late‘, Elon believes that Bitcoin is about to be to be accepted in finance. “

Dan Tapiero, a partner at 10T Holdings, made a similar statement. He said the fact that the richest man in the world is a bitcoin backer „feels good“. Tapiero wrote :

„Somehow it feels good that @elonmusk, a #bitcoin supporter my age, is the richest man in the world. I was fed up with Gates / Buffett / Bezos. Older guys from old tech or no tech and none Bitcoiner. With an iconoclast and a visionary as a role model, there may be hope for Generation Z. „

As Cointelegraph reported , prominent Bitcoin investors like billionaire Tim Draper Musk and his companies like Tesla have asked to accept BTC directly. That would give Bitcoin a massive boost in terms of global awareness.

La hausse de Bitcoin au cours des dernières semaines a ramené la „prime Kimchi“, un soi-disant phénomène de hausse des prix sur les bourses coréennes.

En bref

• La „prime Kimchi“ est de retour, ce qui laisse penser que le sentiment pour Bitcoin augmente en Corée.
• Le contrôle strict des capitaux en Corée rend difficile la fermeture rapide de la prime élevée.
• Toutefois, les négociants suggèrent que la prime pourrait entraîner une hausse des prix du bitcoin à l’avenir.

La hausse quasi verticale de Bitcoin à plus de 35 000 dollars au cours des dernières semaines a ramené la „prime Kimchi“, comme l’ont montré les données du fournisseur d’analyses sur la chaîne CryptoQuant.

La prime de Kimchi, qui porte le nom d’un plat populaire en Corée, fait référence à la hausse des prix des cryptocurrences, en particulier des grandes capitalisations comme Bitcoin, sur les bourses coréennes en période de forte volatilité. Ces mouvements ont été très importants au début de 2018, lorsque la prime a grimpé de 54 %.

La prime fluctue généralement de 1 % en moyenne. Toutefois, lundi, elle a augmenté à 5,5%, et la tendance s’est poursuivie mardi matin.

Ce mouvement suggère un intérêt accru pour le commerce de la cryptographie en Corée, a noté Doo Wan Nam, le responsable du développement des affaires en Asie pour le protocole de gouvernance Maker. „La communauté coréenne a été agréablement surprise par la récente augmentation de la prime coréenne. Pendant la majeure partie de l’année 2020, il y a eu en fait une réduction coréenne de 1 à 3 %“, a-t-il déclaré à Decrypt.

Mais la prime n’est pas le résultat de la volonté des commerçants coréens de payer plus cher pour Bitcoin. Les recherches menées à partir de 2019 suggèrent que la différence est due au fait que la paire Bitcoin/Won coréen est plus prédominante en Corée que la paire Bitcoin/Dollar dans d’autres endroits, et à la différence de change correspondante entre le Won et le dollar américain.

Habituellement, de telles opportunités (pour d’autres paires Bitcoin/fiat très liquides) sont fermées par les arbitragistes qui utilisent cette voie : Acheter l’actif le moins cher, le transférer sur une bourse où il se vend plus cher, le vendre pour du fiat, et empocher la différence.

Toutefois, des contrôles stricts des capitaux en Corée empêchent ce type de situation. „Le won coréen est une monnaie restreinte, ce qui limite la possibilité de convertir facilement les devises et de procéder à des transferts transfrontaliers. Sans la voie de conversion, la boucle d’arbitrage ne peut pas être fermée par les arbitragistes“, a déclaré Jonathan Leong, fondateur de la bourse crypto taïwanaise BTSE, dans une note adressée à Decrypt.

Mais bien que l’arbitrage soit difficile à fermer, certains traders considèrent que la hausse de la prime est un indicateur de la hausse du sentiment – et peut-être des prix – pour Bitcoin à l’avenir. „La hausse de 2017 a été marquée par une prime kimchi constante tout au long du rallye, elle a particulièrement augmenté pendant les sommets locaux“, a déclaré Mohit Sorout, fondateur de la société de commerce de crypto Bitazu Capital.

Il a ajouté : „C’est la première fois depuis juillet 2019 que la prime remonte, atteignant 6,35% il y a quelques jours. Cela peut marquer un sommet local, mais une prime soutenue pendant des semaines signalerait un marché haussier enragé“.

Pendant ce temps, la prime continue de vivre. Au moment de mettre sous presse, Bitcoin se vend 31 267 dollars sur la bourse de cryptage américaine Coinbase, mais sur la bourse coréenne Bithumb, il se vend 32 577 dollars, soit une différence de 4,1 %. Mais comme toute chose attrayante, elle est difficile à obtenir.

I grandi investitori continuano ad accumulare BTC, come evidenziato dall’ultimo rapporto della società di gestione degli asset digitali Grayscale.

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Venerdì scorso, questo gigante ha pubblicato i dati, da cui ne consegue che l’importo totale dei fondi nella criptovaluta sotto il suo controllo ha raggiunto i 16,3 miliardi di dollari.

L’analista Kevin Rook ha twittato che Grayscale ha continuato ad acquistare bitcoin anche durante il recente consolidamento del mercato delle criptovalute.

Ha notato che la società Bitcoin Profit trust ha acquisito 12.319 monete in un solo giorno. Questo è più che nell’intera ultima settimana in cui Grayscale ha investito nell’acquisizione di 11.512 BTC.

Di tendenza:

Lo stratega di Miller Tabak prevede che BTC scenderà del 25-30% nel 2021

L’attivazione di grandi investitori indica che sono destinati a una crescita a lungo termine del valore della più grande valuta digitale. Al momento, i trust di Bitcoin ed Ethereum Grayscale hanno accumulato risorse digitali rispettivamente di $ 14,075 miliardi e $ 1,808 miliardi.

Recentemente si è appreso che la società si sta preparando a sospendere l’accettazione di fondi in diversi trust di criptovaluta. Tuttavia, la maggior parte degli osservatori è fiduciosa che questa sarà una misura temporanea.

In precedenza, l’analista di TradeBlock John Todaro ha affermato che la maggior parte degli investitori istituzionali acquista bitcoin su piattaforme OTC. Pertanto, entrano nel mercato delle criptovalute per non esacerbare la loro volatilità.

Sushi worth its weight in gold – It’s an extraordinary new story, the secret of which only Bitcoin (BTC) has, that we’re going to tell you today. After the incredible adventure of the Taihuttu family who sold everything to buy Bitcoin for $900, here is the story of the restaurateur who received 10 BTC in exchange for a few sushi.

A bill paid in Bitcoins in 2013

This Bitcoinsic anecdote was lived by the journalist Kashmir Hill, who explains, in the New York Times, how it all began.

It was in May 2013, when the value of a single Bitcoin had just reached a new peak – at over 100 dollars – that the journalist decided to settle her bill at a Japanese restaurant with the young cryptomony created by Satoshi Nakamoto.

It must be said that the journalist had tried to spend her Bitcoin, bought for a handful of dollars some time before, on a young site called Coinbase.

„There weren’t many places that knew about Bitcoin, let alone accepted it for purchases. But since I was living in the technological mecca of San Francisco at the time, I still had a few options, including a cupcake store and a sushi restaurant called ‚Sake Zone‘. »

  – Kashmir Hill

And it was in the latter that she spent almost all of her last bitcoins of the time. For the occasion, the journalist had created a meet up event open to members of a new community of Bitcoin enthusiasts, which had just been created on the social network Reddit.

When simply accepting Bitcoins can pay big dividends

The manager of the Japanese restaurant Sake Zone, Yung Chen, had therefore taken the risk of receiving a motley crew of early cryptocurrency enthusiasts, and above all of accepting Bitcoins at a time when it was not easy to convert them back into fiat money.

At the end of the evening, he received 10.35 BTC as payment for the drinks of the guests of the journalist Kashmir Hill. What was then worth $1,000 is now valued at $240,000.

Seven and a half years later, the journalist called Yung Chen on the phone to find out where he stood. It turns out that the restaurateur was able to retire a little early, thanks in part to the bitcoin he had earned at the time. Indeed, by accepting Bitcoin early, he had accumulated 41 BTCs in those years. A gigantic hoard that would be worth $950,000 today.

But Cheng has nevertheless yielded to the temptation to resell some of it since, during the previous speculative bubble of 2017. A sale that he explains he regrets:

„In 2017, after the closure of the Sake Zone, when the bitcoins were worth a few thousand dollars […] [I] sold about a quarter of these bitcoins. I feel so badly about it…. Now I’m keeping them. Now I’m keeping it. That’s all I’m doing. I have them right here, like a stock, and I’m waiting. Bitcoin has become one of my main savings assets.“

Bitcoin has transformed more than a lifetime since its inception in 2009. Everyone who has been in the cryptosphere long enough has felt the same as the 2 protagonists of this story. However, even if HODL is a self-respecting art of living, spending a few satoshis (and not whole Bitcoins anymore) brings the Bitcoin network to life, so we have to find the right balance.

„Now I’d be a billionaire if I hadn’t sold too soon the 55,000 bitcoins I mined on my laptop in 2009-2010.

Martti Malmi, one of the first developers of Bitcoin and also known as Sirius, has explained what has happened to his once large holdings of cryptomoney since 2009.

According to a Friday Twitter feed from the former Bitcoin developer (BTC), Malmi mined approximately 55,000 coins between 2009 and 2010 when the price was almost zero. Malmi said she ended up liquidating 5,050 BTCs for $5 in October 2009, and losing 30,000 BTCs through one of the first Bitcoin exchanges she made when „there was no established exchange rate.

Where are the Bitcoin pizza coins now?

„I was planning to HODL (hold) the rest of my Bitcoin, but I had to sell most of it at a bad rate (about $5) in 2012, when it took longer than expected to find a new job,“ Malmi said. „I’ve since maintained a variable amount of savings at BTC. It’s not much, but it’s still good earnings over the years.

I’d be a *millionaire* now if I hadn’t sold the 55,000 bitcoins I mined on my laptop too soon in 2009-2010 (especially before 2012). That’s unfortunate, but the first bitcoiners set off something bigger than personal gain.

However, possibly the most substantial investment of this Bitcoin developer’s first crypto earnings was when he sold 10,000 BTCs in 2011 to buy an apartment in Helsinki. „It’s probably the most expensive studio apartment in the world now,“ he said on Twitter.

We’ve all had a „Pizza Day“ moment – what’s yours?

With Bitcoin’s recent price hike to $24,000, Malmi’s original 55,000 BTC coins would now be worth more than $1.3 billion. Despite this, the former developer says he’s „never really regretted it.

„This hasn’t been as hard as it might seem at first glance,“ Malmi said. „It’s not like I had a billion dollars and lost it overnight. In addition to Bitcoin’s success, I was very happy to have my own apartment at 22.

She added:

„Maybe because of the Finnish culture, the idealistic mentality and the lack of life experience, I never thought much about making money. It happened accidentally as a by-product of Satoshi asking me to keep my node running so that others could connect.

Tyler Winklevoss had a $3 million ‚Bitcoin pizza moment‘ with a trip to space

Malmi is not the only important personality related to cryptomontages who liquidated their properties apparently out of necessity. In October, Ripple’s technical director David Schwartz revealed that he sold 40,000 Ether (ETH) at $1 each as part of a risk management plan he made with his wife in 2012. The tokens would now be worth more than $26 million after the price exceeded $600 last week.

According to Brad Garlinghaus, CEO of Ripple Crypto, XRP token and bitcoin cannot be compared. The businessman expressed his position in an interview with the popular Fortune publication.

He stressed that the two digital currencies mentioned above have completely different market objectives. At the same time, the CEO of Ripple finally recognised the potential of BTC and even wished him success. Although Garlinghaus had previously criticized Bitcoin from time to time.

The head of Ripple also commented on the BTC Rally in November, which is now traded above $18,600. Bitcoin, according to Garlinghouse, is excellent for protecting capital from inflation. However, if you look at the crypt currency in terms Bitcoin Profit of speed and transaction processing costs, the best option would be an XRP token.

On the subject of crypt regulation, Garlinghouse pointed out the tough stance of the US authorities in this direction.

That is why his company has already started considering options to change its jurisdiction. In the near future the Ripple team headquarters may move to Japan or Singapore.

An offisiell kilde viser at den pakistanske finansregulatoren jobber med å regulere kryptovalutaer.

Pakistan utvikler Crypto Regulatory Framework

I følge en rapportereav Finance Magnets ,Pakistans finansiell regulator – Securities and Exchange Commission of Pakistan (SECP) – jobber med å utvikle et regelverk for digitale eiendeler.

Nylig publiserte SECP en artikkel om private digitale eiendeler, der den sier at den „ønsker innspill / kommentarer velkommen.“

I henhold til det offisielle dokumentet overveier SECP å skape en „definisjon for å gjenkjenne digitale eiendeler i Pakistan.“ Videre søker den å finne en „vei fremover for å utforme og utvikle et robust reguleringsregime på linje med verden for regulering av digitale eiendeler“, og å „presentere politiske forslag til deltakere i industrien og interessenter.“

Når det er sagt, er det verdt å merke seg at SECPs dokument ingen steder inneholder informasjon om planer for opprettelse av en pakistansk sentralbank digital valuta (CBDC). Spesielt har imidlertid Pakistan tidligere uttalt at de planlegger å opprette en funksjonell Immediate Edge innen 2025.
For uinnvidde er CBDC i hovedsak en form for en digitalisert suverene valuta styrt av sentralbanken i et land eller en stat. For sent har flere land, somKina, Japan, Sør-Korea, og Storbritannia, blant andre, har gått inn i CBDC-rommet.

Hva er mulighetene?

I artikkelen sier SECP at digitale eiendeler er „starten på en ny æra med digital finansiering“, og at deres regulering „bare kunne være mulig ved initiering av en ny æra som gjenoppfinner reguleringsregimet [eller] tiltak når de er kjent av regulatorene globalt i dag. ”

Spesielt fremhever artikkelen to spesifikke tilnærminger for å regulere digitale eiendeler.

Den første av disse tilnærmingene tar til orde for „å regulere og begrense nye produkter i henhold til eksisterende regelverk, og kan i noen tilfeller til og med medføre direkte forbud.“ Under denne tilnærmingen nevner artikkelen „innovatører er forpliktet til å tilpasse seg det rådende lovgivningsmiljøet.“

Alternativt er den andre tilnærmingen i stor grad basert på antagelsen om ‚la ting skje.‘ Denne tilnærmingen, den fra Laissez-Faire, innebærer minimal innblanding fra myndighetene eller regulatorene, og er mer en „vent og se“ -tilnærming der regelverk er utviklet etter nøye overholdelse av markedsadferd i en betydelig periode.

Bitcoin Cash (BCH) deposits on exchanges have increased over the past week.

A potential chain split (or fork) on November 15 appears to be driving deposit growth.

Price data suggests that many depositors are selling their coins.

Bitcoin Revolution is coming in large numbers to cryptocurrency exchanges. Over a million BCH coins have landed on the trading platforms in the last seven days alone.

A hard fork, scheduled for November 15, threatens to divide the Bitcoin Cash network . The two opposing factions include those who wish to see a development fund implemented as part of the miners rewards and those who do not.

Bitcoin Cash accumulates in crypto exchanges

BCH holders have sent an average of more than 154,000 coins per day to exchanges over the past week. Chainalysis data , brought to BeInCrypto’s attention by the company’s chief economist, Philip Gradwell, shows a sudden surge in deposits.

Over a million Bitcoin Cash was sent to exchanges in the last seven days leading up to the Hard Fork on November 15, pushing the price of BCH down further against BTC.

As Gradwell suggests, the deposits appear to be pushed by the hard fork, or split, earlier this month. Many companies and industry watchers expect a division of the chain that will create two implementations.

The two potential versions are called Bitcoin Cash ABC and Bitcoin Cash Node. The first includes the proposed change to the mining reward.

Carriers sell before the fork?

The title of the chart in the tweet above indicates that Bitcoin Cash investors are selling their positions ahead of the hard fork. Indeed, the decline in asset prices seems to have accelerated during this recent period of increased deposits.

Measured in bitcoin (BTC), the price of BCH has followed a general downward trend since the end of October. The sixth most popular digital currency by market cap is now trading at around 0.0165 BTC, up from 0.019 BTC on October 31.

Jack Ma, CEO of Alibaba, recently spoke at the Bund Summit in Shanghai about the possibilities of digital currencies in the global financial system.

Jack Ma believes that the crypto industry is disruptive

He sees the possibility that this could contribute to the overhaul of the financial system. In his eyes, global financial regulations are an obstacle to innovation. In this context, he urged China to adapt the system to the growing Chinese economy.

With the Profit Secret wallet and arbitrage trading platform, thousands of investors earn passive income (10.8-45% per year). The fully automated crypto arbitrage platform offers low risk, high return investments. ArbiSmart is EU licensed and regulated.

Meanwhile, he drew attention to the future role of digital currencies. In his estimation, the Chinese CBDC could be of vital importance in building a new financial system in the next 30 years:

The digital currency could add value and we should think about how we can create a new kind of financial system through the digital currency

The financial system founded by the Basel Convention is also too conservative for him. He believes that China cannot cope with the growing economy adequately through this system:

After the Asian financial crisis, risk control highlighted in the Basel Conventions has focused only on risk control, not development, and rarely takes into account opportunities for young people and developing countries.

The Basel Convention brought with it international regulation for banks that was intended to reduce risk in the global economy. As a reaction to the global financial crisis, Basel III – provision of the Basel Convention of the Bank for International Settlements for the Regulation of Banks – was adopted in 2008. As a result, the rules became quite strict. The financial crisis led, among other things, that Satoshi Nakamoto decided to start Bitcoin.

The Neverending Story – More than six and a half years after its piracy and bankruptcy, the old Mt. Gox platform keeps its former users waiting. Their hope of seeing even a part of their investment is once again delayed, until the end of this year.

The finish line for Mt. Gox customers moved ever further

„Still missed“ must say to the users of the defunct Mt. Gox platform , whose Bitcoin Era have been blocked since February 2014 .

Nobuaki Kobayashi , the administrator of the funds recovered on the old crypto exchange, has just announced in a document that the rehabilitation plan will be postponed once again .

After many previous postponements , the planned date of October 15 was finally postponed to December 15, 2020 .

According to the announcement, there are some issues that need to be „examined more closely“ before the rehabilitation plan can finally be put in place.

Nearly $ 2 billion in bitcoin pending

The cryptocurrency market is on edge , awaiting this possible release of 150,000 BTC to aggrieved clients of Mt. Gox – which currently totals more than $ 1.7 billion .

Indeed, many investors in the cryptosphere expect this rehabilitation to create strong selling pressure on BTC prices.

This has already been the case in the course of 2018 , when Nobuaki Kobayashi sold directly against Japanese yen nearly 25,000 bitcoins – and as many bitcoins-cash (BCH).

Even if the present rehabilitation must be paid in cryptocurrency , and not converted into fiat currencies by the administrator as before, the ex-clients of Mt. Gox will certainly want to take advantage of the great capital gain that their so desired bitcoins since 2014.

No one knows if the users of the fallen platform of Mark Karpelès will really see (finally) the end of the tunnel next December. In any case, the risk of price disruptions, when that does happen, is very real.